Παρασκευή 29 Ιουλίου 2011

mid term long target is not yet achieved

Many short term counting can be completely valid at this point, so I stick with my mid term target of 15200 - 15400 by the end of year... I remain long against the 13820 pivot area, waiting for a break above the highs of 14950 to hit my target... so far that last b wave seems like a complex correction and I am not quite sure it has finished...

trade safe


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Τετάρτη 20 Ιουλίου 2011

not much to say...

as EURUSD continues the slopping corrective movement while going absolutely nowhere... no clear pattern can be defined, so I am staying with my medium term outlook that this price action since early May is corrective and when it finishes we should see new highs...

Τετάρτη 6 Ιουλίου 2011

already on target but

it could go a little bit lower...  Eurusd reached C = A for E leg but if it pukes lower then next area of interest would be at 78,6% at 14180 and also triangle line support where also C = 1,618 of A...
trade safe

Τρίτη 5 Ιουλίου 2011

D leg is finished and E leg has already begun

We were right so far as EURUSD printed a high at 14577 near our 14560 target...  It seems that for the next few weeks price will be ranging in an attempt to form the final E leg which should finish the triangle before the final thrust above May's high... target for this E leg is anywhere between 14125 - 14385 area...
but for the near term in the next sessions we should see a corrective upwards movement to finish the 2nd or B wave as 5 waves down look complete or near completion...